Internal Control Over Sales Transactions Is Very Important to the Effectiveness

question 66

Essay

Internal control over sales transactions is very important to the effectiveness of an organization.
a.For effective control over credit sales,describe four major functions that should be segregated.
b.In addition to adequate segregation of duties,describe two other internal controls over sales transactions.

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Definitions:

Manic Episodes

Periods of extremely elevated mood and activity or energy levels, often associated with bipolar disorder.

Gender Differences

Variations in characteristics, behaviors, physical development, and roles that are culturally associated with being male or female.

Diagnosis

The identification of the nature of an illness or other problem by examination of the symptoms.

Depression

A mental health disorder characterized by persistent feelings of sadness, emptiness, or hopelessness, and a lack of interest or pleasure in activities.